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Review of Business and Economics Studies

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Vol 10, No 3 (2022)
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6-17
Abstract

The purpose of writing this paper is to show the changes that happened over the past two decades in the role of the BRICS economies in the world financial system and the world economy in general. Methods. Using comparative analysis techniques, the author shows the positions of the major centers of the global economy in terms of both their GDP numbers measured at official exchange rates and purchasing power parity. The results of this article include suggestions for the new world economic order, a reform of the world financial system, and the creation of a financial safety network for the BRICS during the period of rising global prices, key interest rates and debt. The practical significance of the paper is that its main conclusions and recommendations can be used when formulating strategies for further development of the BRICS cooperation mechanisms, such as the New Development Bank and a network of mutual currency agreements to support trade and investment within the BRICS as well as their partners.

18-25
Abstract

The article aims to outline approaches to the study of a harmonized model of forecasting, strategic planning and expectations of business communities. In the Introduction, the idea of transformation of planning to the dominance of the network approach instead of the dominance of centralization is substantiated. Materials and methods. The key aspects of the expediency of applying the experience of centralized planning under state ownership, providing information resources and applying modern high-tech methods for collecting, processing and analytically presenting materials to improve the effectiveness of preventive decisions, introducing a backbone component of leading indicators into network planning are considered. Results and discussion. The article includes innovative proposals for using the technology of leading indicators and increasing the role of horizontal links in planning with their help. It is concluded that it is necessary to shift the semantic emphasis in discussions on the development of planning to the harmonization of planning, forecasting and development parameters expected by business communities.

26-32
Abstract

One of the most important trends in the development of the world economy is the implementation of ESG principles into the activities of its subjects. The article indicates that in modern conditions consideration of ESG principles in the activities of companies and banks is necessary for the sustainable long-term growth of their value, reduction of economic, environmental and other risks of their activities, promoting the sustainable development of national economies and the world economy as a whole. The article aims to investigate the trends and perspectives of the implementation of ESG principles in the Russian economy. The research methodology includes structuring, comparison, generalization, systemic, economic, institutional and logical analysis, SWOT analysis, induction, deduction and synthesis. Based on the research, the author concludes that the necessary conditions for the successful implementation of ESG principles in the Russian economy are the analysis, assessment and consideration of trends, features and perspectives of the development of the Russian and world economy, legal regulation of the implementation of ESG principles in Russia and abroad, consideration of national interests and features of Russia, clarification, correct application of the conceptual and methodological apparatus, analysis of strengths, weaknesses, opportunities and threats associated with the implementation of these principles (SWOT analysis), and the use of accumulated world experience.

33-55
Abstract

This research aims to find out the peculiarities of information technology (IT) companies as an object of investment attractiveness assessment, to present and apply alternative approaches to the evaluation of the investment attractiveness of these companies based on internal and external factors. We have employed the methods of statistical and comparative analysis, deductive analysis, as well as the analysis of historical data and the current state of the problem. The paper examines the peculiarities of IT companies, their activities’ results, and existing methods for evaluating investment attractiveness. As a result of the study, data were obtained from the analysis of external and internal factors of the investment attractiveness of Yandex for the period from 2019 to 2022. The key conclusion is that to make investment decisions, a comprehensive assessment is required, including considering external and internal factors.

56-68
Abstract

This study’s objective is to provide a description of the Islamic financial industry and its products, with an emphasis on the development of Islamic finance in the UK market. Islamic finance is a relatively popular issue in the world of economics due to its patterns of worldwide expansion. In the western world, the UK is at the forefront of Islamic finance. This research used a positivist outlook, and a descriptive research design. The optimum way will thus be to acquire secondary data. Both content analysis and descriptive analysis were used to examine the data that had been gathered. The findings showed that the UK’s political environment and organizational structure support the expansion of Islamic banking there. The study also highlights the difficulties that UK-based Islamic financing faces. The results showed that financing real estate, as well as the provision of insurance services and the financing of transport firms without interest charges on loans, improve investment by Islamic banking and conventional banking institutions with an Islamic sector.



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)